Analysis Equality between A-C is common, so according to this idea, this may be an opportunity to short. The risk to reward is really good for two targets.
Plan Short with a tight stop, just above swing high.
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Stopped by a few pips, trying again, re-shorting
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Stopped out, and managed to get a break even on the second try. Thats what i get for revenge trading... Price didnt go nowhere, i will stay aside from this pair
MACD got screwed up with the drop and retrace. I would look to this:
Target is in the box. Move off the early March lows looks impulsive. Standard retrace from the top is around the 50%, right around the a=c shown in the green count. a=c is 82.635m good for 170 pips from current price (84.30).
Target is in the box. Move off the early March lows looks impulsive. Standard retrace from the top is around the 50%, right around the a=c shown in the green count. a=c is 82.635m good for 170 pips from current price (84.30).